The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has JetBlue Airways (JBLU - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
JetBlue Airways is a member of the Transportation sector. This group includes 150 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. JBLU is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for JBLU's full-year earnings has moved 27.78% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that JBLU has returned about 14.32% since the start of the calendar year. At the same time, Transportation stocks have gained an average of 10.40%. This means that JetBlue Airways is performing better than its sector in terms of year-to-date returns.
Looking more specifically, JBLU belongs to the Transportation - Airline industry, which includes 28 individual stocks and currently sits at #7 in the Zacks Industry Rank. On average, stocks in this group have gained 9% this year, meaning that JBLU is performing better in terms of year-to-date returns.
Investors in the Transportation sector will want to keep a close eye on JBLU as it attempts to continue its solid performance.